Lower inflation figures mean less pressure to raise rates…
Latest figures show inflation is not a problem…. The latest 12 month figures show inflation running at about 1.7% which is within the Bank of Canada’s 2% target rate….
Inflation is one of the biggest factors that affects the Bank of Canada’s key rate (the rate that affects Bank’s Prime rate)…..this is good news for Canadian borrowers as there has been a large amount of media coverage regarding the much-anticipated interest rates hikes…
Oh, and by the way… the Bank Prime rate still 2.25% (an all time low)… Why not just enjoy the low rates and not worry about what might happen in a few years?
Steve Garganis View All
As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.
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